In terms of their financial preferences and habits, high-net-worth GenXers are not much different from their Baby Boomer parents, according to a survey commissioned by the MainStay division of New York Life Investment Management.

"They’re almost identical in financial terms," said Beverly Moore, head of retail marketing. "Thirty-one percent of GenXers and 36 percent of Baby Boomers have purchased mutual funds through a mutual fund company. Forty-six percent of GenXers and 42 percent of Boomers manage their retirement accounts online, and 24 percent of GenXers and 25 percent of Boomers have online brokerage accounts."

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